At COP29, it is paramount that governments deliver carbon markets that uphold our Paris Agreement commitments: real reductions, real benefits for the climate and additional benefits for nature and society. The foremost priority must be deep emissions cuts.

This is the true fix the climate needs. Let’s fix Article 6.

Our demands

Stop offsetting

Offsets are used by heavy polluters to offload a significant portion of their responsibility onto others. Both governments and corporations must stop relying on offsets and focus on better alternatives.

Optimise blueprint

Article 6 negotiators must design governance mechanisms for carbon markets that ensure total transparency and prioritise the benefit to the climate and respect the rights of local communities.

Minimise carbon footprint

Governments must focus primarily on committing the international community to significant and immediate emissions reductions in line with the Paris Agreement’s goal of keeping global temperature rises below the 1.5ºC threshold.

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Carbon markets =/= climate finance

Climate finance from rich countries to developing ones is needed urgently, and in enormous amounts. The New Collective Quantified Goal on Climate Finance cannot leave room for carbon markets used for offsetting to be counted as climate finance.

<img loading="lazy" decoding="async" width="512" height="512" src="https://carbonmarketwatch.org/wp-content/uploads/2023/11/world-1.png" class="attachment-medium_large size-medium_large wp-image-46332" alt="" srcset="https://carbonmarketwatch.org/wp-content/uploads/2023/11/world-1.png 512w, https://carbonmarketwatch.org/wp-content/uploads/2023/11/world-1-300x300.png 300w, https://carbonmarketwatch.org/wp-content/uploads/2023/11/world-1-150x150.png 150w" sizes="100vw" />

Safeguard human rights and climate justice

Human rights must be at the heart of climate action and decisions must be taken democratically with the full participation of civil society and local communities.

Read CMW’s policy recommendations here

“There is only one way to get Article 6 right: upholding the highest standards for the environment, human rights, and transparency, and viewing carbon markets as a supplement to emissions reductions, not as a replacement for them.”

Isa Mulder, CMW’s Policy Expert on Global Carbon Markets

The context of
GLOBAL CARBON MARKETS

FAQs & guides

Further reading

Where to find us

📅 Monday 11 November 2024 (UNFCCC event)

18:30 – 20:00 GMT+4, Side Event (SE) Room 8, Blue Zone
Advancing Integrity in Carbon Markets with the Paris Agreement Crediting Mechanism: 2024 Milestones and Momentum

📅 Tuesday 12 November 2024 (Side event co-organised by CMW)

16:45 -18:15 GMT+4, SE Room 4
Decarbonisation beyond the value chain: Navigating between carbon credits and climate contributions

📅 Wednesday 13 November 2024

11:00 -12:30 GMT+4, CG-FAO Food and Agriculture Pavilion (F9)
A global assessment of agrifood systems in the voluntary carbon market

📅 Saturday 16 November 2024 (COMSATS Side Event)

11:00 -12:00 AZT, Pakistan Pavilion, Blue Zone
High-level dialogue on strengthening governance frameworks for carbon markets in the global south

Latest news and press

COP29: Complex Article 6 rules pave way to unruly carbon markets

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COP29: Complex Article 6 rules pave way to unruly carbon markets

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23/11/2024

COP29 progress report: Pushing through ill-conceived carbon market rules harm Article 6

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COP29 progress report: Pushing through ill-conceived carbon market rules harm Article 6

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17/11/2024

COP29: Carbon markets need to be fixed but are no quick fix for climate crisis

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COP29: Carbon markets need to be fixed but are no quick fix for climate crisis

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29/10/2024

COP28 pledges: Signed, sealed, undelivered

<img decoding="async" class="upk-img swiper-lazy" src="https://carbonmarketwatch.org/wp-content/uploads/2024/10/rod-long-EerVj2RHkw0-unsplash.jpg" alt="COP28 pledges: Signed, sealed, undelivered">

COP28 pledges: Signed, sealed, undelivered

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02/10/2024

Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?

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Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?

14/06/2024

COP29: Complex Article 6 rules pave way to unruly carbon markets

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COP29: Complex Article 6 rules pave way to unruly carbon markets

COP29 progress report: Pushing through ill-conceived carbon market rules harm Article 6

<img decoding="async" class="upk-img swiper-lazy" src="https://carbonmarketwatch.org/wp-content/uploads/2024/11/matthew-tenbruggencate-wxLQk3DAFro-unsplash.jpg" alt="COP29 progress report: Pushing through ill-conceived carbon market rules harm Article 6">

COP29 progress report: Pushing through ill-conceived carbon market rules harm Article 6

COP29: Carbon markets need to be fixed but are no quick fix for climate crisis

<img decoding="async" class="upk-img swiper-lazy" src="https://carbonmarketwatch.org/wp-content/uploads/2024/10/COP29-visual-style-3.png" alt="COP29: Carbon markets need to be fixed but are no quick fix for climate crisis">

COP29: Carbon markets need to be fixed but are no quick fix for climate crisis

COP28 pledges: Signed, sealed, undelivered

<img decoding="async" class="upk-img swiper-lazy" src="https://carbonmarketwatch.org/wp-content/uploads/2024/10/rod-long-EerVj2RHkw0-unsplash.jpg" alt="COP28 pledges: Signed, sealed, undelivered">

COP28 pledges: Signed, sealed, undelivered

Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?

<img decoding="async" class="upk-img swiper-lazy" src="https://carbonmarketwatch.org/wp-content/uploads/2024/06/Bonn-conference-2024.jpg" alt="Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?">

Will Bonn reset lead to Baku handshake on Paris Agreement’s Article 6?

OUR COP29 DELEGATION